-
Restoration Hardware unwraps new retail format
The newest retail concept from Restoration Hardware now has its very own brick-and-mortar home.
The fist standalone RH Modern has opened, in West Hollywood, California, in the heart of the city’s Design District. The 21,000-sq.-ft. store combines both indoor and outdoor space. RH Modern also debuts with its own distinctive 540-page catalog, a dedicated website and national ad campaign.
-
Macy’s posts disappointing Q3; pursuing real estate options (but no REIT) and outlet growth
Macy’s Inc. on Wednesday blamed warm weather, weak tourist traffic and excessive inventory for the company's worse-than-expected third quarter results. The company said it will not pursue spinning off its properties into a real-estate investment trust, but that it is studying real estate options for some of its most iconic stores.
